Sturm, Ruger & Company, Inc. (NYSE:RGR) Sets New 12-Month Low – Here’s What Happened

Sturm, Ruger & Company, Inc. (NYSE:RGR) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $35.53 and last traded at $35.68, with a volume of 113655 shares traded. The stock had previously closed at $36.21.

Sturm, Ruger & Company, Inc. Price Performance

The stock has a market capitalization of $586.51 million, a price-to-earnings ratio of 20.19 and a beta of 0.16. The firm has a 50-day moving average of $39.08 and a 200 day moving average of $41.09.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Wednesday, November 13th. Sturm, Ruger & Company, Inc.’s payout ratio is currently 25.43%.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in Sturm, Ruger & Company, Inc. by 53.8% during the 3rd quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock worth $31,000 after acquiring an additional 257 shares during the period. Aigen Investment Management LP raised its holdings in shares of Sturm, Ruger & Company, Inc. by 7.5% during the 3rd quarter. Aigen Investment Management LP now owns 7,510 shares of the company’s stock worth $313,000 after buying an additional 527 shares in the last quarter. HighTower Advisors LLC raised its stake in Sturm, Ruger & Company, Inc. by 9.2% during the third quarter. HighTower Advisors LLC now owns 10,162 shares of the company’s stock worth $432,000 after acquiring an additional 854 shares in the last quarter. FMR LLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 127.6% during the 3rd quarter. FMR LLC now owns 2,572 shares of the company’s stock valued at $107,000 after purchasing an additional 1,442 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its stake in shares of Sturm, Ruger & Company, Inc. by 4.0% during the second quarter. Public Sector Pension Investment Board now owns 38,267 shares of the company’s stock worth $1,594,000 after buying an additional 1,483 shares during the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.